Iowa corn and soybean farmer April Hemmes says farmers are wondering how quickly Biden will undo some of Trump's policies.
Corn and soybean farmer April Hemmes isn't sure she'll be able to regain the Chinese buyers she lost during the trade war.
Since Canada detained Huawei executive Meng Wanzhou late last year, Chinese imports of several agricultural crops have slowed or stopped altogether.
Following severe flodding in the Midwest, a pile of 650,000 bushels of soybeans in rural Missouri spontaneously combusted and have been burning for a month.
Al Kluis, managing director of Kluis Commodity Advisors, thinks traders won't see the soybean market turn until there are real orders and action taken.
The overall deficit getting bigger isn't necessarily a bad thing, said Dan Ikenson, director of the Herbert A. Stiefel Center for Trade Policy Studies at the Cato Institute.
Flood damage has made things extremely difficult.
A Chinese tariff on the U.S. crop has shut down a critical market.
The U.S. trade deficit in July surged to a five-month high, $50.1 billion, as exports of products like soybeans and civilian aircraft fell, while imports reached record levels. President Donald Trump regularly complains about trade deficits, but his own spending policies tend to undermine the goal of lowering the trade gap. One part of the […]